CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Cardia announces proposed merger with Stellar Films Group, page-12

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  1. 74 Posts.
    If Stellar produces average $21m sales per year, add on top Cardia's c$7m, combined group is close to $30m a year, definately a bump up in scale and synergy. Would also mean on a pure sales comparison, more value is going to Cardia shareholders.

    Need more info re management/board structure/control but looks good so far.
 
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